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Noted , thanks.
msksmsks ( Date: 26-Mar-2024 16:27) Posted:
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The link tat I've given u for palm prices..
U can also see cocoa price too
U can also see cocoa price too
eddyeddy ( Date: 26-Mar-2024 16:16) Posted:
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Where can we track cocoa Price? Thanks
msksmsks ( Date: 26-Mar-2024 16:14) Posted:
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My goodness.
Cocoa price shot past $9600
Cocoa price shot past $9600
Choco confectionaries die 🐓 stand
https://www.bloomberg.com/news/articles/2024-03-25/cocoa-tops-9-000-as-supply-fears-keep-sparking-fresh-records
https://www.bloomberg.com/news/articles/2024-03-25/cocoa-tops-9-000-as-supply-fears-keep-sparking-fresh-records
RHB cuts Delfi target on narrowing margin amid cocoa price hikes
RHB has lowered its target price for chocolate confectioner Delfi to S$1.33 from S$1.55 after trimming earnings forecasts.
Despite staying positive on the company&rsquo s growth outlook, RHB analyst Alfie Yeo expects slower revenue growth as well as a narrower gross margin amid a cocoa cost surge. He cut Delfi&rsquo s net profit estimates for FY2024 by 11 per cent and for FY2025 by 12 per cent, while maintaining a &ldquo buy&rdquo call for the counter.
This followed the company&rsquo s FY2023 financials released on Feb 27 that missed RHB&rsquo s revenue growth and operating margins estimates.
Cocoa prices had skyrocketed to around US$8,273 per tonne as at Tuesday (Mar 19), more than double the price of cocoa from a year earlier due to shrinking supplies, based on data by Trading Economics.
&ldquo However, we are not overly pessimistic, as Delfi does have a strategy on hedging against price hikes, as well as the ability to right-size its products and defend margins,&rdquo Yeo noted in a report on Monday.
He also highlighted Delfi&rsquo s &ldquo compelling valuation&rdquo and earnings growth projection based on a recovery in regional consumption and a rising middle-income segment in Indonesia, its largest market.
Despite the lowered earnings forecasts, Delfi still has a FY2023 to FY2026 compound annual growth rate of 7.5 per cent. The stock currently trades at about nine times the brokerage&rsquo s estimates for FY2024 price-to-earnings, which is one standard deviation below the historical average since its listing.
Yeo added that the new target of S$1.33 is pegged to 13 times the FY2024 price-to-earnings estimates, at 0.5 standard deviation below the historical mean.
Given that the brokerage expects Indonesia&rsquo s gross domestic product to grow robustly at 5 per cent year on year in 2024 &ndash driven by heightened private consumption, Yeo noted that Delfi is well-positioned to capture Indonesia&rsquo s middle-class consumption growth with its market leadership in the country.
He continues to like the stock for the company&rsquo s comprehensive general trade network nationwide, growth strategies such as premiumisation and healthy snacking, as well as exposure to regional markets.
&ldquo Key downside risks to our earnings include lower-than-expected consumption for chocolate confectionery in Indonesia, an increase in raw material prices that could affect gross profit margins, and the negative effect of the US dollar against Indonesian rupiah rate,&rdquo Yeo added.
Price actions don look too good
If recent low of 89 still can' t hold, chances
of gg down twds 85-83 maybe next
Even though looks oversold, the highly priced
coca dont favour Delfi...
If recent low of 89 still can' t hold, chances
of gg down twds 85-83 maybe next
Even though looks oversold, the highly priced
coca dont favour Delfi...
Cocoa prices soared abv $8k
My goodness...
My goodness...
Capitulation @ 90 ?
Big chunk sell down and touch 89
and then reverse up ?
Big chunk sell down and touch 89
and then reverse up ?
Hmm, possible to break below 0.90 and down to 0.84?
msksmsks ( Date: 08-Mar-2024 13:37) Posted:
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Still drifting downwards.....
Coca hit record high @$7k
If raw materials soaring prices don goes down
Delfi' s profitability wl be affected
Coca hit record high @$7k
If raw materials soaring prices don goes down
Delfi' s profitability wl be affected
Gap covered, will it sustain at this level or continue dive?
Elf2000 ( Date: 04-Mar-2024 14:56) Posted:
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These are the speculators strategies, they push it down and buy in, in order to collect CD and earn price appreciate later. This company's is still very sound... if got some spare cash can buy in and keep for mid to long term and collect dividend.
iinvestor ( Date: 04-Mar-2024 14:25) Posted:
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after CD, no eyes see...bitter chocolate
Gap covering soon
What's next
Mgmt din provide much hint nor
any SBB.
What's next
Mgmt din provide much hint nor
any SBB.
msksmsks ( Date: 28-Feb-2024 11:40) Posted:
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Do they ever did share buy back? Can't find any info on it.
moe yum kong lo
Its still a fundamentally sound company and well managed. But you can't go against megatrend like raw material prices. It will bounce back strongly when the trend reverses.
Waiting for the good opportunity to get some.
Delfi really shocked many investors. Now all become bagholders. The cocoa price is a hidden surprise. When is it coming down?